Workers' Compensation Insurance

Class Code 5403

Carpentry NOC

Author Information

Martin Summers

Insurance Agent

Class code 5403 is used for employees that do general carpentry work, not otherwise classified. Examples of structures and items that are commonly built or setup under this classification includes, but is not limited to, bridges and decks, gazebos and pergolas, trellises, wood silos and tanks, and wood or plastic playground equipment. Additionally, miscellaneous repair work involving termite control, carpentry related building or moving operations of commercial structures, wood oil rig or derrick erection and dismantling work, and some scaffolding operations are also included.

Exclusions that are similar in nature but that should be separately classified include carpentry shop operations, residential dwelling construction, interior trim carpentry, furniture manufacturing, cabinet shops, siding installation on residential dwellings not greater than three stories tall, and the installation of wooden or metal clothes poles and mailbox posts. When classifying workers to this class code, it is also important to follow the extra-territorial classification guidelines for each worker to ensure that they are properly classified.

Florida Rates for Class Code 5403

2014 Rate: $11.96
2013 Rate: $11.11

Each workers' compensation class code in Florida has a unique rate assigned to it based on the likelihood of workplace injuries for the group of employees throughout the state that are assigned to that class code. Click this link for more information about the ratemaking process. The rates used in Florida workers comp insurance were increased in 2014 by an average of 6.1% by the Florida Office of Insurance Regulation.

For class code 5403, this rate change resulted in a 7.7% increase from 2013 to 2014. The 2014 rate for this classification is 11.96 dollars for every 100 dollars of remuneration. Even with the increase in rates this year, the 2014 rate is still 69.3% below the 2003 rate of 36.16 dollars.

Despite the manual rates being set by the Florida government for workers comp class codes, there are still ways that employers can lower their overall workers compensation costs and total premium. Our insurance agents would like the opportunity to discuss these premium discounts and other cost savings measures with your business. Contact us today to receive competitive quotes for your business.

Other Related Class Codes

  • 2802 for carpentry shop operations
  • 2881 for furniture manufacturing and cabinet shop – assembly by hand – wood
  • 2883 for furniture manufacturing and cabinet shop – wood – NOC
  • 5437 for interior trim carpentry operations
  • 5645 for residential dwelling carpentry
  • 6400 for metal fence construction

Have Workers Comp Questions?

Let a FloridaWC Agent help:

Contact our Workers Comp Insurance Agents

Get a Quote Now